IMF STILL HAS CONFIDENCE IN CHRISTINE LAGARDE WHICH IS NICE SINCE SHE IS IN CHARGE

March 29 2013

Paris, France – The IMF, recently has not had a good run of luck when it comes to its leadership. The last guy who ran it, Dominique Strauss-Kahn, got into all kinds of trouble in New York and now the person who took over, Christine Lagarde, is in all kinds of trouble herself.

For Lagarde the issues afflicting her are not nearly as salacious as those of her predecessor but that does not make them any less troublesome. Last week, Lagarde’s Paris flat was raided by police investigating alleged abuse of power related to some kind of scandal from 2007 when she was Finance Minister of the country.

That investigation has put Lagarde, and the very important IMF, on guard and once again thrust them into a very delicate situation, at least publicly. Luckily for Lagarde the other people in the IMF have her back, expressing their confidence in her as a person and in her ability to run the organization without any kind of corruption like she may have engaged in in the past, which has to be nice to hear.

“The executive board has been briefed on this matter, including recently, and continues to express its confidence in the managing director's ability to effectively carry out her duties,” said IMF spokesman Gerry Rice.

Thus far, investigators have not commented on anything they may or may not have found during that raid and may never.

Lagarde has also not commented publicly on the brewing scandal because there really isn’t anything she can say to make it better.

“This is clearly not something the IMF wanted or needed, not at this time or at any time, but especially at this time. I mean there’s all the financial stuff going on right now, which is already enough of a headache, and then there was the thing with the last guy who ran the organization and you throw all that together and it’s just a mess, like a total mess,” said Scrape TV Economic analyst Michael Santino. “I’m sure they would all love for this to just go away, like happened with that guy she helped out, or didn’t help out, however that worked. I would argue, though, that using their power and influence to make this particular issue go away would not be the best idea. They should probably try to just ride this one out and see where it goes.”

It’s not clear if the IMF has conducted their own investigation, which could add to their confidence, or if they are just taking Lagarde’s word for things.

“Hopefully this will all blow over and not amount to much, if only because it’s kind of important that the IMF work properly and not have scandal after scandal. They really need that organization to work effectively and not be hiring bad guys and losers all the time so hopefully she is not one of those people,” continued Santino. “Or at least one has to hope that what she did just wasn’t all that bad and it is something they can get away with. That would at least be something they can work with. It’s not perfect but nothing ever is in life.”

It’s not clear who the IMF would replace Lagarde with if it came to that.